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Bid Evaporates

US TSY FUTURES

Support in Tsys evaporates ahead the cash equity open, extending session lows. No specific driver (no, Senate majority leader McConnell comment on possible stimulus not it) trading desks noted similar "duration downdraft" around stock open this week amid persistent chatter of foreign bond fund unwinding, paring positions ahead next week's election. Yield curves have forged steeper,

  • 3M10Y +1.531, 74.678 (L: 70.124 / H: 74.846)
  • 2Y10Y +1.728, 68.779 (L: 65.444 / H: 68.975)
  • 2Y30Y +2.257, 147.199 (L: 143.228 / H: 147.473)
  • 5Y30Y +1.902, 124.923 (L: 122.409 / H: 125.129)
  • Current futures levels:
  • Dec 2Y -0.12/32 at 110-13.375 (L: 110-13.37 / H: 110-13.75)
  • Dec 5Y down 0.25/32 at 125-20.5 (L: 125-20 / H: 125-23)
  • Dec 10Y down 1.5/32 at 138-11.5 (L: 138-11 / H: 138-19.5)
  • Dec 30Y down 2/32 at 172-25 (L: 172-23 / H: 173-19)
  • Dec Ultra 30Y up 7/32 at 215-24 (L: 215-19 / H: 217-09)

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